Seminar on March 31 to Tackle Transitioning Business Ownership

SPRINGFIELD — One of the largest challenges facing business owners today is how to solve the question, “how do I get out of my business?” If you are like 2.7 million American business owners over the age of 55, the answer carries a greater significance. The country is embarking on the largest transition of business ownership in history, yet three out of four owners haven’t taken a single step to prepare for what will be the most competitive sellers’ market ever.

The good news is, it’s not too late to start planning. Kevin and Michael Vann of the Vann Group are providing a primer on what you need to know about the succession/transition planning process on Tuesday, March 31, from 7:30 to 9:30 a.m. at the Colony Club in Springfield.

Topics to be discussed include the current transition/succession landscape, establishing transition expectations and objectives, business valuation facts and realities, family and partner dynamics, exit options and structure considerations, preparing the company for transition, and your advisors and the value they create. Breakfast will be served, and each attendee will receive a free, customized Business Exit/Transition Readiness Analysis ($1,000 value).

To register, contact Michael Wright at (413) 543-2776 or [email protected], or register online.